USD 5.73 billion
Global Textile recycling market Size, Share, Growth Analysis, By Material(Cotton, Polyester), By Sources(Apparel Waste, Home Furnishing Waste), By Process(Mechanical and Chemical) - Industry Forecast 2024-2031
Report ID:
SQMIG25M2045 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
91 |
Figures:
71
Global Textile recycling market Insights
Textile Recycling Market size was valued at USD 5.73 billion in 2021 and is poised to grow from USD 6.10 billion in 2022 to USD 11.33 billion by 2030, growing at a CAGR of 6.4% in the forecast period (2023-2030).
The textile recycling market is expected to witness significant growth due to rising environmental concerns about textile waste production and increasing social awareness about textile recycling. According to the Environmental Protection Agency (EPA), textile waste occupies 5% of landfill space in the U.S., with the country producing around 25 billion pounds of textiles annually. These factors are driving the demand for textile recycling as it offers environmental sustainability and minimizes the environmental impact compared to incineration and landfill disposal. Upcycling, a recycling approach that conserves resources and reduces environmental impact, further boosts the market growth.
The textile industry in the U.S. is one of the largest producers of textile-related products globally, leading to substantial waste generation. Citizens discard approximately 70 pounds of textiles annually, creating a need for effective waste management solutions. Textile recycling is gaining traction as a solution to address textile waste management and promote a circular economy. The increasing population and consumer spending capacity contribute to the growing textile waste concerns, prompting government authorities and private firms to adopt textile recycling practices. According to the U.S. Environmental Protection Agency Report 2022, the recycling rate of all textiles in the country was 14.7% in 2018. The push for improved recycling rates is expected to drive further growth in the textile recycling market.
US Textile Recycling Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Cotton
Fastest Growth
Cotton
Growth Rate
6.4% CAGR
Textile recycling market ($ Bn)
Country Share for Europe Region (%)
Textile recycling market By Material ($ Bn)
Textile recycling market By Material (%)
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Global Textile recycling market Segmental Analysis
The global adhesives and sealants market is segmented on the basis of material, source, process, and region. By Material, the market is segmented into Cotton, Polyester, Wool, Polyamide, Other. By Sources, the market is segmented into Apparel Waste, Home Furnishing Waste, Automotive Waste, Other. By Process industry, the market is segmented into Mechanical and Chemical. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Textile Recycling Market Analysis By Material
As of 2022, the cotton material segment dominated the textile recycling market. Recycled cotton offers a sustainable solution by reducing textile waste and consuming fewer resources compared to conventional or organic cotton. Cotton's significant demand and usage in clothing and textiles contribute to its substantial presence in textile waste. In contrast, wool apparel is known for its inherent durability and longer shelf life, making it a valuable material in the textile sector.
Tyton BioSciences has developed an innovative water-based hydrothermal solution for recycling garments made of cotton, polyester, and polycotton blends. Their low-impact method efficiently separates cotton from polyester by disassembling it into its monomer components. This process allows the polyester to be reassembled into new polyester while preserving the cellulose integrity for use in Man Made Cellulosic Fibres (MMCFs) as an alternative to new tree pulp. The company's recent funding of USD 8 million in 2022, led by Tin Shed Ventures, the investment arm of Patagonia, is expected to accelerate their path to commercialization. In the textile recycling market, the polyester recycling segment is projected to experience the fastest growing rate during the forecast period. The increasing demand for recycled polyester is driven by commitments from apparel companies to incorporate more sustainable materials in their products. Recycled polyester offers a smaller carbon impact compared to virgin polyester, making it a preferred choice in the industry. Each kilogram of mechanically recycled polyester reduces greenhouse gas emissions by approximately 70%, according to the Sustainable Apparel Coalition's Higg Material Sustainability Index. This favorable environmental profile is driving the adoption of recycled polyester as an eco-friendly alternative to conventional polyester.
Textile Recycling Market Analysis By Source
In 2022, the apparel waste segment held a significant share in the global textile recycling revenue. This segment comprises waste from leftover fabric during manufacturing, rejected or damaged garments, and post-consumer discarded clothes and shoes, among others. The decreasing average lifespan of new garments over the past two decades has contributed to the increase in apparel waste generated by the industry, driving the demand for textile recycling in this segment.
The home furnishing waste segment includes textile waste generated from items like pillows, carpets, rugs, bedsheets, curtains, and sofas. The rise in disposable income worldwide has led to increased spending and frequent purchasing of home furnishing products, resulting in a larger volume of waste. Factors such as population growth, a wide range of home furnishing options, and improved living standards have contributed to the higher consumption of home furnishings, leading to substantial post-industrial and post-consumer waste generation. These factors are driving the demand for recycling in the home furnishing waste segment.
The automotive waste segment is projected to grow at a CAGR of 3.3% over the forecast period. Textiles used in automobiles include carpets, seat covers, cushions, roof liners, door liners, tires, filters, and airbags. The increasing vehicle ownership in developing nations has led to a rise in automotive waste. Consequently, there is an increasing focus on automotive textile waste management initiatives, which is expected to drive positive market growth in this segment.
Textile recycling market By Material, 2023 (%)
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Global Textile recycling market Regional Insights
As of 2022, Europe emerged as the leading region in the textile recycling industry. The European market is expected to experience substantial growth in the coming years, supported by government initiatives and increasing focus on recycling efforts. The Waste and Resources Action Program (WRAP), operational across Europe with the UK's registration and collaboration with local governments and private firms, plays a crucial role in promoting textile waste recycling in the region.
In Europe, countries like Germany, Italy, France, Belgium, the Czech Republic, and Poland are major players in the recycled apparel market. Italy, in particular, stands out as a prominent hub for textile recycling, with Prato being recognized as the capital of textile recycling. The Italian Textile and Recycling Association in Prato has brought together over a hundred companies involved in collecting old rugs and clothes from around the world and converting them into yarn.
The Asia Pacific region is projected to register a Compound Annual Growth Rate (CAGR) over the forecast period. The growing concerns about the environmental impact of textile waste, coupled with government initiatives for textile waste management and the development of innovative recycling technologies, are expected to drive the demand for textile recycling activities in this region.
Central & South America is also witnessing an increase in textile consumption and waste generation due to a surge in consumer spending on goods and services. This has led to a rising demand for sustainable textile waste management solutions and a greater requirement for textile recycling activities in the region.
Textile recycling market By Geography, 2024-2031
- Largest
- Fastest
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Global Textile recycling market Dynamics
Textile Recycling Market Drivers
Environmental Concerns
- Growing awareness of environmental issues, such as the depletion of natural resources, pollution, and waste generation, has increased the demand for sustainable practices. Textile recycling helps reduce the environmental impact of the fashion industry by diverting textiles from landfills and conserving resources.
Textile Recycling Market Restraints
Lack of Infrastructure
- One of the major challenges faced by the textile recycling industry is the lack of adequate infrastructure for collection, sorting, and processing of textile waste. Establishing efficient recycling facilities and collection systems can be expensive and time-consuming.
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Global Textile recycling market Competitive Landscape
The textile recycling market had a vibrant and ever-changing competitive landscape, with numerous companies and organizations actively involved in this sector, providing diverse solutions and services. These entities were dedicated to textile recycling and played a crucial role in offering innovative approaches to tackle the challenges of textile waste. Here are some key players and entities that were prominent in the textile recycling market:
Textile Recycling Market Top Player’s Company Profile
- Worn again technologies
- Lenzing Group
- Birla Cellulose
- BLS Ecotech
- The Woolmark Company
- iinouiio Ltd
- Ecotex Group
- The Boer Group
- Unifi, Inc.
- Textile Recycling International
- Hyosung Group
- Martex Fiber
- RenewCell
- Pistoni S.r.l.
- RE-TEXTIL Deutschland GmbH.
Textile Recycling Market Recent Developments
- In June 2020, Indorama Ventures Public Company Limited acquired the PET recycling facility owned by AG Resinas Ltda. The acquisition included a complete ownership stake in the company, which specializes in transforming PET into PET flakes and pellets in Juiz de Fora, Brazil, through one of its subsidiary companies.
- In June 2022, the Brazilian Association of Cleaning and Waste Companies (ABRELPE) played a significant role in achieving a solid waste recycling rate of approximately 4%. This accomplishment led to the establishment of June 5 as National Recycling Day, aimed at enhancing public consciousness regarding waste collection, segregation, recycling, and repurposing.
Global Textile recycling market Trends
- Rising Environmental Concern about Textile Waste Production: The textile recycling market is expected to experience significant growth due to the rising social awareness of textile waste and increasing environmental concerns associated with textile manufacturing. According to the Environmental Protection Agency (EPA), textile waste currently occupies around 5% of landfill space. In the United States alone, approximately 25 billion pounds of textiles are produced annually, averaging 82 pounds per person. This escalating concern for textile waste is projected to drive the demand for textile recycling over the foreseeable future. One of the key recycling strategies gaining traction is "upcycling," which focuses on maximizing the efficient use of energy, raw materials, and water, while minimizing adverse environmental impacts. By promoting recycling and upcycling of textiles, the industry can significantly contribute to environmental sustainability. Compared to landfill disposal and textile incineration, recycling textiles has a substantially lower environmental impact. The process of resource recovery from textile waste can lead to noteworthy environmental benefits, as it reduces the reliance on primary resources and the associated ecological consequences.
Global Textile recycling market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our textile recycling market analysis, the increasing environmental concerns and a growing awareness of sustainable practices are the key growth drivers. The market is segmented into mechanical, chemical, and mixed recycling methods. Regions such as North America, Europe, and Asia-Pacific are driving market expansion due to stringent regulations and consumer demand for eco-friendly products. The rising textile waste generated by the fashion industry and the need to reduce landfill waste are major drivers. The mechanical recycling segment dominates, driven by its cost-effectiveness. Chemical recycling is gaining traction due to advancements in technology. The market's trajectory is likely to continue upward as industries seek greener alternatives and circular economy practices.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.73 billion |
| Market size value in 2031 | USD 11.33 billion |
| Growth Rate | 6.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Textile recycling market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Textile recycling market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Textile recycling market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Textile recycling market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Textile recycling market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Textile recycling market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Textile recycling market Report Snapshots
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